The Treasury's Annual Report for the fiscal year that ended on 30 June 2014 has been tabled in Parliament and published on its website.
In his introductory comments, Secretary to the Treasury and Chief Executive Gabriel Makhlouf emphasises New Zealand’s positive outlook and strong growth, but cautions against complacency.
“The outlook for the New Zealand economy and the Government’s finances stacks up very well against most of the countries to which we like to compare ourselves. We have good cause to be optimistic. Nevertheless, there is good cause to be cautious too. Growth in the global economy remains fragile, with the possibility of further economic and financial turbulence,” says Mr Makhlouf.
He states that in this environment, the Treasury’s work is as important as ever in ensuring the country achieves sustainable and inclusive growth for the long term.
The annual report shows how the Treasury has delivered on an extensive and ambitious work programme for 2013/14.
Mr Makhlouf notes several highlights from the year including “our management of the Government Share Offer Programme (GSO), enhancements to our commercial analysis and advice, the publication of our first Investment Statement and a pilot joint venture with the Ministry of Business, Innovation and Employment (MBIE) and Te Puni Kokiri on Maori economic development.”
Reflecting on the success of the Treasury, Mr Makhlouf says ”we are focused on our own continuous improvement, on lifting performance and impact of our public sector ‘community’ and on increasing the wellbeing of New Zealand and New Zealanders. This Annual Report shows the results of the hard work by Treasury staff in the past year, and we will draw on all of our capabilities to ensure the year ahead is even better.”
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